Aigen Investment Management LP Makes New Investment in Cameco Co. (NYSE:CCJ)

Aigen Investment Management LP bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,093 shares of the basic materials company’s stock, valued at approximately $930,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dantai Capital Ltd lifted its stake in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new position in shares of Cameco in the 4th quarter valued at $895,000. Whalen Wealth Management Inc. bought a new position in shares of Cameco in the 4th quarter valued at $445,000. Sprott Inc. lifted its stake in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Cameco in the 3rd quarter valued at $5,305,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

NYSE CCJ opened at $42.99 on Thursday. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 153.52 and a beta of 0.94. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The stock has a fifty day simple moving average of $49.22 and a 200 day simple moving average of $49.95. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Sell-side analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of $71.25.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.